Today’s Form D Alert: Berkeley Lights $40.00 million Fundraising. Shaun Holt Released Nov 8 D form

Technology Berkeley Lights, Inc. - Shaun Holt

Berkeley Lights Financing

Berkeley Lights, Inc., Corporation just filed form D because of $40.00 million equity financing. This is a new filing. Berkeley Lights was able to finance itself with $29.72 million so far. That is 74.29% of the offering. The total private financing amount was $40.00 million. The financing form was filed on 2016-11-08. The reason for the financing was: unspecified. The fundraising still has about $10.28 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Berkeley Lights is based in California. The filler’s business is Other Technology. The D form was signed by Shaun Holt Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 5858 Horton Street, Suite 320, Emeryville, Ca, California, 94608. Igor Khandros is the related person in the form and it has address: C/O Berkeley Lights, Inc., 5858 Horton Street, Suite 320, Emeryville, Ca, California, 94608. Link to Berkeley Lights Filing: 000168965716000001.

Analysis of Berkeley Lights Offering

On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Berkeley Lights sold 74.29% of the offering. The financing is still open. The average financing size for companies in the Other Technology industry is $1.54 million. The total amount raised is 1,829.69% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering is set at $0. If you know more about the reasons for the fundraising, please comment below.

What is Form D? What It Is Used For

Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.

Why Fundraising Reporting Is Good For Berkeley Lights Also

The Form D signed by Shaun Holt might help Berkeley Lights, Inc.’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.

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